Welcome to our dedicated page for Principal Financial Group news (Ticker: PFG), a resource for investors and traders seeking the latest updates and insights on Principal Financial Group stock.
Principal Financial Group, Inc. (PFG) is a global leader in investment management, offering a broad range of financial products and services to individuals, businesses, and institutional clients. Headquartered in Des Moines, Iowa, Principal is dedicated to enhancing the financial well-being of its clients through innovative retirement, insurance, and asset management solutions.
Core Business Segments:
- Retirement and Income Solutions: Principal provides comprehensive retirement planning services, helping clients secure their financial future through personalized retirement strategies.
- Principal Global Investors: This segment manages assets across a range of sectors, providing investment expertise and solutions to institutional clients worldwide.
- Principal International: Operating outside the U.S., this segment delivers financial services tailored to meet the diverse needs of global clients.
- United States Insurance Solutions: Principal offers a variety of insurance products, including life insurance, annuities, and disability insurance, aimed at protecting clients' financial health and stability.
Principal Financial Group's commitment to innovation and client-centric solutions is reflected in its recent achievements and ongoing projects. The company continuously adapts to the evolving financial landscape, ensuring it meets the needs of clients of all income levels and portfolio sizes. With a strong emphasis on diversity, equity, and inclusion, Principal is an affirmative action and equal opportunity employer, actively participating in the E-Verify program.
Financially, Principal generates substantial revenue from premiums, underlining its robust market position. As the company expands its global footprint, it remains focused on delivering real-life solutions that drive financial progress for its clients.
For the latest updates on Principal Financial Group's performance and developments, visit their official website or follow their news releases.
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Principal Financial Group (Nasdaq: PFG) announced first quarter 2024 results, with net income of $533 million, raised common stock dividend to $0.71 per share, returned $362 million to shareholders, and reported assets under management of $709 billion. The company's CEO highlighted strong sales, financial position, and commitment to shareholder returns.
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Principal Financial Group achieves sustainability goals in newly released 2023 report by doubling diverse small and midsized businesses served, investing $18 million in 2023, meeting Global People Inclusion Index goal, reducing greenhouse gas emissions by 11.5% annually, and increasing assets under sustainable investing.
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Principal Financial Group (PFG) will release its first quarter 2024 financial results on April 25, followed by a conference call on April 26 led by top executives to discuss the results. Investors can access the call through various channels, including a live webcast and telephone dial-in options.
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AM Best affirms Principal Financial Group's strong Financial Strength Rating and Long-Term Issuer Credit Ratings. The ratings reflect Principal's balance sheet strength, strong operating performance, and favorable business profile. The outlook is stable with a very strong risk-adjusted capitalization.
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Principal Asset Management has been awarded the 2024 ENERGY STAR Partner of the Year: Sustained Excellence Award for the seventh consecutive year. The firm's commitment to sustainability and responsible property investment is highlighted through its energy efficiency and greenhouse gas emissions reduction initiatives. Principal aims for a 40% reduction in GHG emissions by 2035. With 90% of properties actively benchmarking utility usage and an average ENERGY STAR score of 88 for certified properties, Principal continues to lead in sustainability efforts.
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Principal Financial Group has been recognized as one of the World’s Most Ethical Companies by Ethisphere for the 13th time. The company's ethical leadership and business practices have been acknowledged since 2006. With 136 honorees from 20 countries and 44 industries, the 2024 list shows that the recognized companies outperformed a global index by 12.3 percentage points from 2019 to 2024. Principal's commitment to ethics, as demonstrated by their programs and practices, has enabled them to positively impact employees, customers, and communities worldwide.
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Principal Financial Group® (PFG) raises first quarter 2024 common stock dividend and announces a new $1.5 billion share repurchase authorization. The company reported full year 2023 net income of $623 million and a loss of $872 million in the fourth quarter. Non-GAAP operating earnings for 2023 were $1,603 million, with a dividend increase to $0.69 per share. Assets under management were $695 billion, with an outlook of 9-12% annual earnings growth in 2024.
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Principal Financial Group® is hosting a public event at its global headquarters in Des Moines to celebrate International Women’s Day. The event will feature a conversation with authors Shaunna J. Edwards and Alyson Richman, discussing women’s relationships, bridge building, and resilience to inspire social good and inclusion. Principal is committed to valuing women and expanding access, celebrating the resourcefulness and camaraderie of women, and highlighting their important role in society. The event will take place on Thursday, March 7, and will include a discussion with the authors, followed by a reception and book signing.
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Principal Financial Group (PFG) CEO Dan Houston will participate in a fireside chat at the Bank of America Financial Services Conference, covering industry and company topics on February 21, 2024. The event will be available via live video webcast on principal.com/investor.
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Principal Asset Management has achieved a significant milestone, reaching $2 billion in borrower commitments through its direct lending business. The investment team has completed over 115 transactions as of December 31, 2023, and has surpassed $2 billion in total borrower commitments since its inception in July 2020. This achievement reflects the company's long-term strategy of offering flexible financing solutions in the middle market direct lending industry. The team focuses on privately negotiated debt transactions with sponsor-backed and non-sponsored lower and middle-market companies throughout North America, targeting transactions of $25 million to $200 million.
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FAQ
What is the current stock price of Principal Financial Group (PFG)?
The current stock price of Principal Financial Group (PFG) is $81.83 as of January 24, 2025.
What is the market cap of Principal Financial Group (PFG)?
The market cap of Principal Financial Group (PFG) is approximately 18.7B.
What services does Principal Financial Group offer?
Principal Financial Group provides retirement planning, insurance, and asset management services to individuals, businesses, and institutional clients.
Where is Principal Financial Group headquartered?
Principal Financial Group is headquartered in Des Moines, Iowa.
What are the main business segments of Principal Financial Group?
The main business segments are Retirement and Income Solutions, Principal Global Investors, Principal International, and United States Insurance Solutions.
How does Principal Financial Group generate revenue?
Principal Financial Group generates substantial revenue from premiums, particularly through its insurance solutions.
Is Principal Financial Group an equal opportunity employer?
Yes, Principal Financial Group is an affirmative action and equal opportunity employer, actively participating in the E-Verify program.
What is the focus of Principal Global Investors?
Principal Global Investors focuses on managing assets across various sectors, providing investment expertise and solutions to institutional clients worldwide.
Does Principal Financial Group operate internationally?
Yes, Principal Financial Group operates internationally through its Principal International segment, offering tailored financial services to global clients.
What types of insurance products does Principal offer?
Principal offers life insurance, annuities, and disability insurance to protect clients' financial well-being.
How can I stay updated with the latest news from Principal Financial Group?
Visit the official website of Principal Financial Group or follow their news releases for the latest updates.
Who can benefit from Principal Financial Group's services?
Clients of all income levels and portfolio sizes can benefit from Principal Financial Group's tailored financial solutions.
Principal Financial Group, Inc.
Nasdaq:PFG
PFG Rankings
PFG Stock Data
18.74B
226.17M
1.01%
73%
1.37%
Asset Management
Accident & Health Insurance
United States of America
DES MOINES